Shareholders Bear N45.8bn Losses As Regulators Shut Down 8 Listed Firms

For shareholders in eight companies once listed on the Nigerian Exchange (NGX), regulatory interventions over the past decade have left about N45.80 billion in quoted equity value exposed to uncertainty, reduced trading activity or outright loss of operating licences.
A LEADERSHIP analysis revealed that the affected companies include Aso Savings & Loans Plc, Universal Insurance Plc, STACO Insurance Plc, Goldlink Insurance Plc, Niger Insurance Plc, Standard Alliance Insurance Plc, Resort Savings & Loans Plc and Union Homes Savings & Loans Plc.
The cases span the insurance and mortgage finance sectors, where licence revocations, liquidation orders and trading suspensions have forced s...